Indian Association of Alternative Investment Funds (IAAIF)

The Association of International Wealth Management of India (AIWMI) along with the leading fund houses has recently set up the Indian Association of Alternative Investment Funds (IAAIF). IAAIF aims to set standards and provides a voice for the emerging alternative investments sector in India. The current Charter Members of IAAIF are Ambit Investment Advisors, Arthveda Fund Management, Ativir AIF, DSP Blackrock Investment Managers, Edelweiss Alternative Asset Advisors, Harmony Capital, IIFL Asset Management, IFMR Investment Managers, Kotak Investment Advisors, SBI AMC,and Unifi Capital with many other prominent institutions currently in the on-boarding stage. Current Affiliate Members are AZB & Partners, Ashland Partners, Milesoft Technologies &Amicorp Trustees.

Indian Alternative Investments Sector

The Alternative Investments industry is increasingly getting on track to be a bigger force in the broader Indian capital markets. Alternative investments are no longer just aimed at the super wealthy and institutional investors. An increasing number of clients across different segments are getting drawn to the significant benefits. Alternative Investments can add to their portfolios by diversifying risk exposure away from traditional fixed income and equity assets. India’s alternative investment funds (AIFs), more than doubled during the past year—the fastest among all other traditional investment vehicles such as mutual funds and market-linked insurance products. AIF managers raised capital commitments worth Rs. 50,441.49crores from individual and institutional investors till the end of June 2016 from Rs.24,873.49crores in June 2015. There are currently 209 Alternative Investment Funds registered with the market regulator Securities & Exchange Board of India (SEBI).

Local alternative fund managers, including private equity (PE) and venture capital (VC) funds, have followed their overseas counterparts in pouring money into Indian technology and e-commerce start-ups, triggering a boom in early-stage investments. In addition, prospects of a rebound in India’s economic growth have prompted wealthy investors in the country to embrace riskier investments in private equity, real estate and hedge funds in search of higher returns. Considering these trends, the prevailing sense is that the alternatives industry in India is still among the most nimble and adaptive sectors of the financial industry producing tremendous innovation across many aspects of the business. But given that the Indian economy is just about entering its most exciting yet challenging phase under a dreamteam of a proactive Government and efficient Regulators, the industry needs to come together to create a platform which benefits one and all, by fostering best products, practices & business ethics.

Aditya Gadge, Principal Advisor, Indian Association of Alternative Investment Funds said ‘The objective of IAAIF is to support, complement and develop the alternative investments sector in India. IAAIF will represent the industry in discussions with Government, its departments/agencies and the Regulators to ensure that the environment and infrastructure available can support the continued development and growth of the Industry.The association would seek common ground, putting aside competition among the various companies, to be able to advance the interests of the alternative investments industry as a whole.’

About IAAIF:

IAAIF has been established as a non-profit organization, with the objective of promoting and protecting the interests of the Alternative Investments industry in India and to act as the representative & advocacy body devoted to promote transparency, professional standards and trust in alternative investments. The association will also act as a platform for dialogue on regulatory and policy issues pertaining to alternative investment funds (AIFs), and building linkages among various stake-holders and strive to promote the professional development of the alternative investments industry as well as facilitate interaction and collaboration among its members.

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